Meta, Tesla Earnings Trigger Pre-Market Selloff

Stock futures are suffering steep losses this morning, as investors digest yesterday's post-close earnings from Meta Platforms (META) and Tesla (TSLA). Despite exceeding revenue expectations and sharing a Q3 beat, respectively, as both equities slide more than 2%. Futures on the tech-heavy Nasdaq-100 Index (NDX) are off over 400 points, while the S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) carry steep premarket losses as well. The overall sentiment on AI spending remains grim, leaving many chip names still in the lurch. 

Crude prices are continuing higher, meanwhile, after The New York Times reported the U.S. and Israel are expected to commit another round of airstrikes against Iran. West Texas Intermediate (WTI) oil was last seen up 2.2%, looking to test the round $100 mark.

Continue reading for more on today's market, including:

• 2 more names to watch as earnings season unfolds.
• Blue-chip stock crosses above historic key level.
• Plus, three big names moving in either direction following mixed earnings reports.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.3 million call contracts and 1.2 million put contracts traded on Wednesday. The single-session equity put/call ratio fell to 0.52, while the 21-day moving average remained at 0.59. 
2. Spotify Technology SA (NYSE:SPOT) is climbing 5.1% before the bell, after the music streaming giant reported a slim revenue and operating income miss for the third quarter. Its Q4 outlook came in higher than expected, however, with the company showing 306 million subscribers. SPOT has shed 9.5% in 2026. 
3. American Airlines Group Inc (NASDAQ:AAL) is sliding 2.9% in pre-market trading, after becoming the fourth major airliner to slash its 2026 outlook due to increasing fuel prices. The outlook overshadowed a record third-quarter revenue. AAL has struggled in 2026, shedding 20% so far.
4. Procter & Gamble Co (NYSE:PG) is 3% higher ahead of the open, after the Dow name reported a fiscal first-quarter earnings and revenue beat, with increased demand in its laundry products driving the increased income. Should these gains hold, PG will be adding to its now 9.4% year-to-date gain.
5. Earnings season continues to make noise as the week closes out. 

Central Banks Pressure Asian Markets

Asian markets finished lower across the board on Thursday as technology stocks remained under pressure. South Korea's central bank held interest rates steady at 3% after two consecutive hikes, as inflation remained elevated and President Lee Jae Myung called for increased housing supply. Foreign investment in China declined 4.3% year over year during the first three quarters, while outbound non-financial direct investment reached $101 billion. The Shanghai Composite fell 1.5%, while Japan’s Nikkei dropped 2.7% as investors continued selling foreign bonds for a fifth consecutive week, marking the longest such streak in four years. Hong Kong’s Hang Seng and South Korea’s Kospi also slid, losing 3% and 3.3%, respectively.

European markets were also under pressure, with rising oil prices weighing on investor sentiment. French borrowing costs climbed to a fresh 24-year high Thursday, with the country's 10-year bond yield topping 5% amid political unrest. The French CAC 40 was last seen down 1.3%, while London’s FTSE 100 and the German DAX fall 0.3% and 0.8%, respectively.